Japan's Toshiba under threat after $4.8bn loss

The survival of Japanese conglomerate Toshiba is under threat after it posted a loss of $4.8bn for most of last year. The electronics and construction conglomerate has also warned it may lose more than $8bn this year.

12 Apr 2017 05:44 GMT

The survival of Japanese conglomerate Toshiba is under threat after it posted a loss of $4.8bn for most of last year.

The electronics and construction conglomerate has also warned it may lose more than $8bn this year.

This follows the bankruptcy of Toshiba's US-based nuclear-reactor subsidiary.

The company may be removed from trading on the Tokyo stock exchange because its auditors have not approved the earnings report.